Denodo Achieves Strong Year-End Momentum Marked by Overwhelming Demand for Its Cloud Data Virtualization PlatformGrowth Demonstrates the Importance of Data Virtualization and Its Impact to the Bottom-line.
Palo Alto, CA, March 2, 2018 - Denodo, the leader in data virtualization, continued its strong trajectory in 2017 as evidenced by a 61 percent increase in year-over-year revenue. The company achieved strong growth in licenses, including a significant increase in the number of cloud customers which grew 179 percent over the previous year. Customer acquisitions from around the globe added to Denodo’s profitability, as the number of new organizations leveraging the award-winning Denodo Platform rose 67 percent.
Interest from strategic technology and consulting experts reached an all-time high, which was witnessed by the 106 percent increase in new partner agreements signed. The company also expanded its geographic footprint by opening new offices in France and Singapore.
According to Gartner’s Market Guide for Data Virtualization, “Through 2020, 50 percent of enterprises will implement some form of data virtualization as one enterprise production option for data integration.” Denodo realized similar momentum by adding new customers from virtually every industries and geography including McCormick & Company, Gilead Sciences, British Land, ArcelorMittal Ghent, Mantrac Group, Banco BPI and Maybank.
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Once again, Denodo customers received recognition from influencers which signifies the tremendous business value these organizations are realizing using the Denodo Platform. In February 2017, Gartner named Autodesk as a finalist for the Gartner Excellence Award in the Best Data Management and Infrastructure category. Autodesk also won the 2017 CIO100 Award for its successful business transformation using data virtualization as a logical data warehouse. Ultra Mobile won the 2017 Ventana Research Leadership Award for the best demonstration of leadership in the use or application of analytics across the enterprise, and both Ultra Mobile and Asurion were honored with the 2017 TDWI Best Practices awards.
Denodo was also chosen as the Best Data Virtualization Solution in Database Trends and Applications 2017 Readers’ Choice Awards and was named a DBTA 100 2017 - The Companies That Matter Most in Data. The Denodo Platform 6.0 represents a significant breakthrough in data integration technology and accelerates the adoption of data virtualization across cloud, Big Data, the IoT, and many other enterprise data integration scenarios. Also, the platform enables business users to leverage self-service data discovery and exploration. A free 30-day trial subscription of the Denodo Platform is now available on Azure and AWS Marketplaces so companies can immediately begin to realize the value of data virtualization.
“Denodo, as well as our customers, continue to achieve remarkable growth, largely because data virtualization is now recognized for creating a solid data fabric that improves the bottom-line and maximizes technology investments," said Angel Viña, founder and CEO of Denodo. “As demonstrated by the numerous awards and industry analyst accolades, customers are using Denodo to keep up with the changing data landscape and to support modern data approaches such as agile BI, Big Data analytics, logical data warehousing and cloud integration. In 2018, we look forward to adding even more capabilities that will address the plethora of new and evolving trends and to growing our already impressive global partner network.”
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The identification of a Gartner Data & Analytics Excellence Award winner is not an endorsement by Gartner of any company, vendor, product or service.
Denodo is the leader in data virtualization providing agile, high performance data integration, data abstraction, and real-time data services across the broadest range of enterprise, cloud, big data, and unstructured data sources at half the cost of traditional approaches. Denodo’s customers across every major industry have gained significant business agility and ROI by enabling faster and easier access to unified business information for agile BI, big data analytics, Web, cloud integration, single-view applications, and enterprise data services. Denodo is well-funded, profitable, and privately held. For more information, visit http://www.denodo.com or call +1 877 556 2531 / +44 (0) 20 7869 8053.